5. Spending a little extra can go a long way, especially if you have several formal events to attend this Summer! We'll leave the math up to you. Here is a massive show-stopping splurge designer! Get to know Jonathan Simkhai Strapless Scaffold Dress, $1995. Find it in Chicago at FELT Boutique

6. Formal fashion you can Beg, Borrow or Steal! Well, we don't condone breaking the law, but not buying a formal dress at this price would be a crime!